Tag: cambodia

According to the editors at InternationalLiving.com, American retirees worried about living comfortably on a limited income should take heart, they've identified the five most affordable havens on the planet where expats can upgrade their lifestyle, but do it on a budget as low as $1,500 a month. Some recent studies on retirement show that most Americans are not adequately prepared for it: They haven't saved enough, they'll likely outlive their nest egg, and so they are instructed to work longer, spend less, and lower their expectations for their retirement lifestyle. International Living Executive Editor Jennifer Stevens commented, "Go to the right places overseas, and retirees can actually improve their quality of life while they spend less." The top 5 countries that come out on top in the "Cost of Living"…

Can foreigners own real estate in Cambodia? Yes. Since the passing of legislation in April 2010, the foreign ownership property law allows foreigners to own property in Cambodia, however with certain restrictions. Foreigners are only allow to own properties on the 1st floor or higher to a maximum of 70% of any one apartment building, provided that the building has obtained a ‘strata title’, which generally applies to new condominiums buildings. Foreigners are not allow to own properties on the ground floor of a building as owning land outright remains prohibited under the foreign ownership property law. Hence, foreigners are 100% eligible to own a freehold condominium in Cambodia. But if your intention is to invest in real property such as buying ground floor apartments or land in Cambodia, please…

Foreigner’s Guide: Buying Land In Cambodia In previous post, we talk about foreigner’s eligibility on buying condominiums in Cambodia and what are the things to look out for. But however, if your intention is to invest in real property such as buying grounded apartments or buying land in Cambodia, the following options will show you how it is possible to buy almost anything in Cambodia. Buying Real Property in Cambodia Under Cambodian Land Law, foreign nationals cannot hold a 100% stake in real property within the Kingdom (except for this case mentioned). However, legal mechanisms and documentation may allow foreigners to fully control the purchase, sale and use of real property in which they have invested, and benefit fully from any profits they make. There are basically 5 Options for…

The Peak Cambodia is a sanctuary of luxury in the clouds rising 55 stories into the sky. An entire new level of living initiates an existence as the choicest picks of homes, shops, eateries, workplaces and the prestigious Shangri-La Hotel blended into integrated mixed-use development like no other. Having the same craved location as the Shangri-La Hotel is a sign of qualification, and all its tasteful eateries, bars and dance halls are at your doorstep. With the luxurious Shangri-La hotel next door, you will enjoy world class service amidst tranquil surroundings, coupled with inspirational architecture and design. From the finest dining to business lounges and spa experiences, it will ensure that every palate is pampered. This freehold iconic development in Phnom Penh is developed by public listed Singapore developer, Oxley…

It’s important to note that work permits and visas are not the same thing. In theory, although you may have gotten a year-long visa (often called a business visa), that doesn’t necessarily give you the right to work in Cambodia. In practice, Cambodia is one of the least regulated countries in the world when it comes to visas and employment, and many expats do not have the work permits that they ostensibly require. There are two types of work permits in Cambodia: temporary and permanent. Temporary work permits are for most regular expats and last the length of the individual’s visa. Permanent work permits are reserved for major investors and friends of people in high places. In order to get a work permit, your employer needs to apply for you…